January 13, 2014 |
WASHINGTON -- About 17% of workers expect to be laid off in the coming year, according to results of a newly launched consumer survey from the Federal Reserve. The figure for December was down from about 18% the previous month but up from about 15% in June, according to the initial results of the Survey of Consumer Expectations from the Federal Reserve Bank of New York. About 22% of consumers expect to voluntarily switch jobs in the year ahead, down slightly from November but up from about 19% in June, the survey reported.
February 21, 2014 |
WASHINGTON - The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead. What was clear to them as they gathered for a regularly scheduled meeting on Tuesday, Sept. 16, was that economic conditions were worsening, according to transcripts released Friday of key Fed meetings that year. "The markets are continuing to experience very significant stresses this morning," said Ben S. Bernanke, then the Fed chairman, arriving late for the meeting, "and there are increasing concerns about the insurance company, AIG. " But Fed officials weren't ready for the unprecedented steps, such as bailing out the giant insurer, American International Group Inc., that they soon would be taking in a tumultuous year that transformed the central bank from obscure guardian of interest rates to aggressive fighter of financial crises.
May 30, 1989
John A. Doede has increased his stake in San Diego-based Crown Bancorp from 10.48% to 12.24%, or 79,727 common shares. Doede, who was given approval by the Federal Reserve Bank of San Francisco to acquire control of Crown, purchased 24,500 shares between May 16 and May 23 for from $4 to $4.75 each, or a total of $116,000, according to a filing with the Securities and Exchange Commission.
September 8, 1985
"Bram Goldsmith: Maverick Banker to Stars" (July 21) omits any mention of Jay Kasler, my father-in-law, who was the founder and first president and later the first chairman of City National Bank in 1954. His lifelong ambition was to own a family bank. He and I visited the Federal Reserve Bank in San Francisco in 1952 and were advised to start with a board representing various segments of the community in which we lived and not a family bank. After conferring with Justice Lester Wm. Roth, the City National Bank was founded with Kasler its chairman and Al Hart as President.
October 21, 1993 |
Regional Fed Bank Kills Report on Disclosure: The Federal Reserve Bank, facing pressure on Capitol Hill to open up its policies to greater scrutiny, quashed an article on a study that found little impact from quicker disclosure of its decisions. A spokeswoman at the St. Louis Fed cited "the timing of the (congressional) hearings and the sensitivity of the issue."
July 27, 2008
Re "Boom and bust: It's the American way," Opinion, July 20 Jane Kamensky's history of the first American banking collapse may be accurate, but she shows profound ignorance when she states that "we're better off than the first generation of over-leveraged Americans. We have a strong central bank." In fact, the Federal Reserve Bank is the problem, and for much the same reason that Andrew Dexter Jr.'s banks were the problem in 1809: There is no gold backing dollars printed since 1971, the year that the United States unilaterally went off the gold standard.